. >> the president said we cut the deficit in half. unfortunately he doubled it. >> jon: 1.2 trillion when he took office t is 1.1 trillion now. mr. president are you just going throat him roll you. >> mr. president, two minutes. >> when i walked in the oval office i had more than a trillion dollar deficit greeting me. and we know where it came from. yes, when to take some initial emergency measures to make sure we didn't slip into a great depression. let's make sure we are cutting out those things that are not helping us grow. 18 programs are-- medical fraud in medicare, cut a trillion dollars out of our discretionary domestic budget. the specifically specific $4 trillion deficit reduction plan t is on the web site. you can look at all the numbers. let me just finish this point because are you looking for contrast. >> way over two minutes. >> sorry (laughter) >> jon: you went over your time? and you somehow managed in all that overtime to not turn and look your opponent in the lie and just mention what he said was untrue? not even a quick sneeze before your answer, no need to be coy, let me see i

) >> this is unacceptable. it is not working. trillion-dollar deficits for the last four years. there's over $16 trillion in debt. harder and harder for small businesses to grow and thrive. the amount of debt we're adding at a trillion a year is simply not moral. >> jon: not moral! (laughter) that means for mitt romney this terrible debt is worse than of fept. (laughter) >> jon? >> yes, mormon god. >> not cool, bro. (laughter) >> jon: shouldn't you be on broadway? (cheers and applause) >> no, no! >> jon: little joke there. but all right we have been irresponsible with government spending. romney, bring the tough love. what are we going to lose? >> i don't want any change to medicare for current seniors or for those that are nearing retirement. no change in social security for those that are in retirement or near retirement. >> jon: all right, so it's immoral debt but hands off the core entitlements! they've literally been grandfathered in-- grandmothered. (laughter) probably the more peripheral entitlements got to go. >> i'm going to make sure we have the kind of training programs that give people the sk

face a growing deficit and debt problem in this country that mitt romney has vowed to fix. while he's not specific about the measures, that all changed at last week's presidential debate >> i'm sorry, jim, i'm going to stop the subsidy to pbs. i'm going to stop other things. i like pbs. i love big bird. i actually like you too but i'm not going to keep on spending money on things to borrow money from china to pay for it >> jon: pack your tote bags and ride the high cultured train back to cancel town. you can take your invisible elephant friend with you, you eight-foot tall yellow feathered freak. who fires big bird? look, after the initial elation of getting a specific... settle down. after getting a specific from one of mr. romney's plans which felt very good came the realization that this move to cut sesame street might not do that much to address the $16 trillion debt. well, you couldn't be more wrong. >> the numbers are truly troubling >> it turns that our out of control spending includes roughly $450 million given every year to the corporation for public broadcasting, $8 millio

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